Funding you earn now, next payment 07:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.003%
Price spread now: Reya against Deribit−0.088%7-day average −0.070% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.088%, 7d avg −0.070%
=Together, before fees+0.051%+ Points / potential airdropReya: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HYPE_USDC-PERPETUAL | 93.880 | 0.0315 | pay 0.0039% / 1h | 58m 24s | $7.4M | $4.2M | 50x |
| Short | Reya HYPERUSDPERP | 93.797 | 0.0270 | get 0.0034% / 1h | 58m 24s | $77K | $130K | 15x |
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.36
- Price spread: −0.088% → −0.070%
- −$1.83
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$24.19
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 1 min ago | 0.43 bp | 4.9 bp −$5 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1256% | 1h | 93.851 | −0.031% | $200K | $242K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0276% | 1h | 94.143 | +0.280% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.992 | +0.119% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.848 | −0.034% | $86K | $372K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0016% | 4h | 93.764 | −0.124% | $150K | $680K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.005 | +0.133% | $129K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.809 | −0.075% | $22K | $285K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.828 | −0.055% | $63K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0014% | 4h | 93.810 | −0.075% | — | $53.7M | — | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.790 | −0.096% | $317.0M | $287.2M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix HYPE | +0.0026% | 1h | 94.145 | +0.282% | $209K | $1.1M | 10x | as long as short |
| Bluefin HYPE-PERP | +0.0027% | 1h | 93.785 | −0.101% | $79K | $166K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.787 | −0.099% | $226.1M | $99.3M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0054% | 8h | 93.817 | −0.067% | $12.8M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 94.128 | +0.264% | $5.0M | $30.5M | 30x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.952 | +0.077% | $1.0M | $4.0M | 10x | as long as short |
| SoDEX HYPE-USD | +0.0088% | 1h | 93.785 | −0.101% | $2.0M | $1.9M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 94.023 | +0.153% | $342K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.982 | +0.109% | $16.3M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.996 | +0.124% | $3.1M | $11.0M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.893 | +0.014% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.910 | +0.032% | $22K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.778 | −0.108% | $6.1M | $50.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.910 | +0.032% | $2.05B | $682.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.828 | −0.055% | $8.9M | $37.2M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.020 | +0.149% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.823 | −0.061% | $377.1M | $928.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.786 | −0.100% | $115.9M | $316.5M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0100% | 1h | 93.920 | +0.043% | $709K | $1.2M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.213 | +0.355% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.793 | −0.093% | $48.3M | $54.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.810 | −0.075% | $87.9M | $82.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.794 | −0.092% | $46.3M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.992 | +0.119% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.028 | +0.157% | $28.8M | $56.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.099 | +0.233% | $7.7M | $48.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.152 | +0.290% | $344K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.969 | +0.095% | $681K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.931 | +0.054% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.907 | +0.029% | $477K | $2.8M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.812 | −0.072% | $112K | $581K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.782 | −0.104% | $16.4M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.888 | +0.009% | $32K | $1.6M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.950 | +0.075% | $1.4M | $6.7M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.743 | −0.146% | $18.3M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.797 | −0.088% | $396K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0114% | 8h | 94.046 | +0.177% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.830 | −0.053% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.860 | −0.021% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERPshort | +0.0270% | 1h | 93.797 | −0.088% | $77K | $130K | 15x | |
| Deribit HYPE_USDC-PERPETUALlong | +0.0315% | 1h | 93.880 | long leg | $7.4M | $4.2M | 50x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.835 | −0.048% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.949 | +0.073% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0414% | 1h | 93.840 | −0.042% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.978 | +0.104% | $3.2M | $6.4M | 20x | as long as short |
Phoenix HYPE
Bluefin HYPE-PERP
Bitget HYPEUSDT
Phemex HYPEUSDT
edgeX HYPEUSDC
Arcus HYPE-USD
SoDEX HYPE-USD
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Ondo Perps HYPE-USD.P
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC